Assetline
| File:Assetline logo 2013.jpg | |
| Company type | Private Listed |
|---|---|
| Industry | Financial Services |
| Founded | August 2008 |
| Founder | Nick Raphaely, Steven Beinart |
| Headquarters | , |
| Services | Secured loans, Personal asset loans , Collateral loan, |
Number of employees | 10 (2013) |
| Website | www |
Assetline is an Australian-based specialist in personal asset lending or pawn broker that offers short-term loans secured against collateral and personal assets such as jewellery, watches, gold, art, boat, cars, fine wine and other valuables.[1]
History
Assetline was established in 2013 by Nick Raphaely and Steven Beinart to offer investors, collectors and high-net-worth individuals a way of accessing funding and unlocking liquidity held in alternative assets, similarly to overseas counterparts such as borro.[2] Since the Global financial crisis there has been an increase in people and businesses looking past conventional banks and to alternative sources of funding, such as peer-to-peer lending and crowdsourcing finance.[3]
Assetline’s clients range from art collectors[4] and jewellers[5] to mortgage brokers and auction houses, and it has operations in New South Wales, Victoria, Queensland and Western Australia.
See also
- borro
- Asset based lending
- Alternative investment
- Alternative financial services
- Non-bank financial institution
References
- ^ Mitchell, Jake (April 2013). "Alternative finance emerges from tight credit". Australian Financial Review. Sydney.
- ^ Garcia, Jay (23 April 2013). "From Love to Liquidity" (PDF). CEO Magazine. Sydney.
- ^ Hammond, Michelle (22 April 2013). "Credit squeeze leads to personal lending opportunity for start-up Assetline". StartUpSmart. Melbourne.
- ^ Hayes, Jacquie (15 December 2013). "Where the über rich go for ready cash". Australian Financial Review. Sydney.
- ^ "Aussie businesses use jewellery to maximise 'business potential'". Jewellery World. Sydney. 22 April 2013.